Over the weekend, President Donald Trump launched a war against Iran, killing Iran’s Supreme Leader Ayatollah Ali Khamenei. These U.S. attacks could continue to escalate, as Trump said on Monday that his military campaign is expected to last four to five weeks, but could “go far longer than that.”
As the conflict causes uncertainty in global markets, such volatility can extend to the price of everyday groceries and gas, too.
Trump’s latest decisions are expected to have wide-ranging economic fallouts for American consumers. Oil and natural gas prices have shot up this week as stock markets have tumbled. U.S. shoppers have also been experiencing the effects of Trump’s tariffs imposed in the wake of the Supreme Court ruling last month.
Here’s what you can expect to go up in your household expenses in the coming weeks and months, according to economic analysts:
Expect gas prices to rise.
